Disaster proofing your important records

Keep Your Records Safe in Case Disaster Strikes Some natural disasters are more common in the summer. But major events like hurricanes, tornadoes and fires can strike any time. It’s a good idea to plan for what to do in case of a disaster. You can help make your recovery easier by keeping your tax […]

Pay your taxes directly to the IRS via IRS DIRECT PAY

Washington — The Internal Revenue Service announced the successful start of its new web-based system — IRS Direct Pay — on IRS.gov, which lets taxpayers pay their tax bills or make estimated tax payments directly from checking or savings accounts without any fees or pre-registration. “IRS Direct Pay reflects our latest effort to add more […]

Offer in Compromise

An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship. We consider your unique set of facts and circumstances: Ability to pay; Income; Expenses; and […]

Understanding Your IRS Notice or Letter

ABout Your Notice If you receive a letter or notice from the IRS, it will explain the reason for the correspondence and provide instructions. Many of these letters and notices can be dealt with simply, without having to call or visit an IRS office. The notice you receive covers a very specific issue about your […]

What if I can’t pay taxes owed to IRS?

If you cannot pay the full amount of taxes you owe, you should still file your return by the deadline and pay as much as you can to avoid penalties and interest. You also should contact the IRS to discuss your payment options at 1-800-829-1040. The agency may be able to provide some relief such […]

Major Changes Made to the IRS Lien Process and Offer In Compromise

In its latest effort to help struggling taxpayers, the Internal Revenue Service announced a series of new steps to help people get a fresh start with their tax liabilities. The goal is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers. Specifically, the IRS is announcing new policies […]

Tax Tips: How to Get Your Prior Year Tax Information from the IRS

Taxpayers who need certain prior year tax return information can obtain it from the IRS (such as for loan applications, to estimate tax withholding, for legal reasons or because records were destroyed in a natural disaster or fire). Here are 10 things to know if you need federal tax return information from a previously filed […]

Tax Tips: Five Tax Scams to Avoid

1. Phishing Phishing — A tactic used by scam artists to trick unsuspecting victims into revealing personal or financial information in an electronic communication – will mislead consumers by telling them they are entitled to a tax refund from the IRS and encourage them to reveal personal information to claim it. Any email you receive […]